MarketWatch Week Ahead: Cliff Diving

Markets prepare for the worst as fiscal cliff talks come down to the wire. MarketWatch senior reporter Kate Gibson looks at the week ahead.

This transcript has been automatically generated and may not be 100% accurate.

I ... welcome to Wall Street Journal why I'm Kelli Grant let's take a look at what's expected for the week ahead we have with us MarketWatch's Kate Gibson was going to miss all the D tells Kate thanks for being here ... and I understand being being seen is the same one we've been talking about for weeks the fiscal cliff I what are we looking ahead toward that next week that were real real looking at the stock market is expecting to go off the cliff ... only briefly ... so right now the market's pricing and ... perhaps I'm ... a very short term agreement on taxes before the end of the year ... the chants chances of us getting a full-fledged that are pre much ... hundred that had a picture ... place in at least a short jump off the cliff are we expected the ice and changes them basically I think the stock markets now pricing in ... a couple weeks and the new year ... and then coming to some super great time ... but in the short term are hoping perhaps to get an agreement so everyone's taxes cocoa ... that with a very narrow because it gets ... I and I understand that were also looking out for in in the unemployment report next week and we are though it didn't use the that's the biggest economic report the stock market every month but at this point the market is barely reacted economic reports with either good or bad or ... comp range of expectations only care about his fiscal cliff ... in yesterday's secret exemplify ... the head ... that was one hundred fifty points and John Beyer said ... houses separate he called a house in the session on Sunday ... in just the idea that they're meeting there might be something done ... we came back and the talented and Apple King County key points ... and and well ... what if any ... should investors be looking to the ... look ... I think I think it says caution ... and and are waiting for anything to happen in Washington any any sign of ... optimism about the cliff ... some sober enough and ... funds we have nothing worth slowly going down ... and on those unemployment numbers are we expecting good news bad news I expected and said where expecting unemployment to come in about seven point eight percent soul Slade rise from seven point seven s it now stands and I think iam payrolls expected increase of nearly forty thousand so attend ... pre much for things again ... in an e ... mail we will we will keep an eye and I get her new year's resolutions reading